Centrica (LON:CNA)‘s stock had its “outperform” rating reissued by stock analysts at Credit Suisse Group in a report issued on Friday, March 2nd. They currently have a GBX 170 ($2.35) target price on the integrated energy company’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 25.28% from the company’s current price.
A number of other analysts have also issued reports on CNA. Deutsche Bank reiterated a “sell” rating and set a GBX 160 ($2.21) price target on shares of Centrica in a research note on Wednesday, November 8th. Kepler Capital Markets upgraded shares of Centrica to a “buy” rating and set a GBX 190 ($2.63) price target on the stock in a research note on Thursday, November 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 205 ($2.83) price target on shares of Centrica in a research note on Tuesday, November 21st. Royal Bank of Canada cut their price target on shares of Centrica from GBX 210 ($2.90) to GBX 150 ($2.07) and set a “sector performer” rating on the stock in a research note on Tuesday, November 28th. Finally, Citigroup reiterated a “neutral” rating and set a GBX 145 ($2.00) price target on shares of Centrica in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Centrica has a consensus rating of “Hold” and a consensus price target of GBX 180.25 ($2.49).
Shares of Centrica (LON CNA) traded down GBX 3.50 ($0.05) on Friday, reaching GBX 135.70 ($1.87). 15,863,649 shares of the company traded hands, compared to its average volume of 26,600,000. The stock has a market cap of $7,750.00 and a price-to-earnings ratio of 2,261.67. Centrica has a 12-month low of GBX 119.71 ($1.65) and a 12-month high of GBX 221 ($3.05).
Centrica (LON:CNA) last issued its quarterly earnings data on Thursday, February 22nd. The integrated energy company reported GBX 12.60 ($0.17) earnings per share (EPS) for the quarter, meeting the consensus estimate of GBX 12.60 ($0.17). The firm had revenue of GBX 2,802.30 billion for the quarter. Centrica had a net margin of 2.16% and a return on equity of 21.95%.
In other news, insider Jeff Bell bought 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of GBX 141 ($1.95) per share, for a total transaction of £56,400 ($77,922.08). Also, insider Stephen Pusey purchased 1,678 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was acquired at an average cost of GBX 139 ($1.92) per share, with a total value of £2,332.42 ($3,222.46). Insiders have purchased 44,704 shares of company stock worth $6,300,279 over the last 90 days.
ILLEGAL ACTIVITY NOTICE: “Centrica’s (LON:CNA) “Outperform” Rating Reiterated at Credit Suisse Group” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/03/19/credit-suisse-group-reaffirms-outperform-rating-for-centrica-cna.html.
Centrica plc is an energy and services company. The Company’s segments include Energy Supply & Services-UK & Ireland, Energy Supply & Services-North America, Connected Home, Distributed Energy & Power, Energy Marketing & Trading, Exploration & Production, Central Power Generation and Centrica Storage.
Receive News & Ratings for Centrica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centrica and related companies with MarketBeat.com's FREE daily email newsletter.